Cargill acquiring California dog treat producer Pet Carousel
Cargill announced it is acquiring Sanger, Calif.-based Pet Carousel, a private company formed in 2003 that produces branded and private label pet treats and chews. The transaction is expected to close on, or about, Feb. 28, 2014. Terms of the acquisition were not disclosed. Pet Carousel is part of the pet treat and chew category that generates approximately $1.4 billion in annual U.S. sales.
Viewed as an investment that complements Cargill’s existing California distribution and beef processing businesses, Pet Carousel is an established company with a national reach and is positioned as a provider of all-natural pet products made from high quality, USDA-inspected, U.S. raw materials. Pet Carousel will benefit from Cargill’s nationwide distribution capabilities and raw material supplies from the company’s U.S. beef, pork and turkey processing facilities.